Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $725,000

Listed at $748,000 · Sold 3.1% below asking · Closed January 6, 2018

5-43 48th Avenue #2-F
Closed For Sale Condo

$748,000

$1,362 per sq ft

5-43 48th Avenue #2-F

Long Island City, Queens

MLS® #RLS10048982

RLS at REBNY

Listing by Modern Spaces, LLC

1

Bedroom

1

Bath

549

Sq. Ft.

2009

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 549 sq ft
Year Built 2009
Ownership Condo
HOA/Common Charges $356/mo
Property Taxes $648/yr
Parking Garage
Neighborhood Long Island City
Floor 2 of 8

Property Highlights

  • Exposure: North facing
  • Climate Control: Central Air
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 2 of 8
Exposure North
Cooling Central Air
Pets Yes
Cross Street Vernon Boulevard/5th Street
Year Built 2009
Living Area 549 sq ft
Parking Garage Available
Block/Lot 30/5

Listing History

Event Date Price Change
Listed Oct 26, 2017 $748,000 -
Currently Apr 23, 2026 $748,000 -

Description

Introducing unit 2F at the Solarium, a rarely available one bedroom now for sale with super low monthly common charges and real estate taxes.

This spacious and open one bedroom gets great natural light thru the extra large windows. The modern kitchen is open into the living room and has plenty of cabinet and counter top space. Thru out the apartment you can find beautiful bamboo floors, ceiling fans in both the living room and bedroom.

The Solarium is a Green Certified boutique condominium in Hunters Point.

Building amenities include a fitness center, children?s playroom, double level roof deck with panoramic views of the east river, Brooklyn, Manhattan, and Queens. There is also a rooftop projection screen for movie night.

Centrally located in the heart of LIC The Solarium is just two blocks away from the Vernon/Jackson stop, off of the 7 Train, steps from the Gantry State park and east river ferry in the water front and in the midst of the best restaurants, bars, and cafes.

With very low monthly common charges and A 421-A, 15-year tax abatement in place until June 30th, 2027 this makes the perfect first time home, pied-a-terre or investment

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Building Roof Deck

Appliances

Dryer Washer

Building Information

Stories 8

Financial Details

Common Charges $356/mo
RE Taxes $648/yr ($54/mo)
Sale Price $725,000

Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.

Long Island City Live Market Data

View Neighborhood

Active Listings

164

Median Asking Price

$1.20M

Median $/Sqft

$1,525

Avg Days on Market

N/A

New This Week

9

Price Reduced

18%

Sold (30 Days)

13

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/23/26, 3:55 PM EST

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Location

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5-43 48th Avenue #2-F, Long Island City, Queens County • Near Vernon Boulevard/5th Street

Building Information

Official NYC property records for this building

1955
Year Built
71 years old
8
Floors
35
Residential Units
M1-4/R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $2,331,325
Land Value: $229,488
Exemptions: $297,449

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 15,000 SF
Building Area: 47,885 SF
Built FAR: 3.19
Allowed FAR: 4

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $356 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $648, or roughly $54 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 549 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2009, making it approximately 17 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker.

At the current list price of $748,000 for 549 sq ft, the asking price per square foot is approximately $1,362. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10048982
First Listed: 10/26/2017
Closed: 1/6/2018
Contract Date: 10/26/2017

Listing Courtesy of Modern Spaces, LLC - Carlos Simoes

Listing Contact: (646) 246-4975

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/23/2026 at 7:55 PM UTC

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